Correction: CIMC Safeway Technologies' Q3 Profit Slumps 49%

MT Newswires Live
24 Oct 2024

(Corrects the company and ticker to CIMC Safeway Technologies (SHE:301559) in the headline and first paragraph)

CIMC Safeway Technologies (SHE:301559) reported a net profit attributable to shareholders of 65.04 million yuan for the quarter ended Sept. 30, a decrease of 49.32% compared to the prior-year period.

Earnings per share were 0.11 yuan, a 56% decline from a year ago, according to a Tuesday filing with the Hong Kong Exchange.

The company's revenue was 964.4 million yuan, a 24.23% decrease from a year earlier.

CIMC Safeway is a subsidiary of CIMC Enric Holdings (HKG:3899).

Price (HKD): $16.62, Change: $-0.050, Percent Change: -0.30%

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